S. 2973 (96th): A bill to amend the Securities Act of 1933, the Securities Exchange Act of 1934 and the Investment Company Act of 1940 to clarify exemptions from such Acts for the funding by insurance companies of certain employee benefit plans.

Introduced:
Jul 25, 1980 (96th Congress, 1979–1980)
Status:
Died (Referred to Committee)
Sponsor
Paul Sarbanes
Senator from Maryland
Party
Democrat
Related Bills
H.R. 7667 (identical)

Referred to Committee
Last Action: Jun 25, 1980

 
Status

This bill was introduced on July 25, 1980, in a previous session of Congress, but was not enacted.

Progress
Introduced Jul 25, 1980
Referred to Committee Jul 25, 1980
 
Summary

No summaries available.

Cosponsors
1 cosponsors (1D) (show)
Committees

Senate Banking, Housing, and Urban Affairs

The committee chair determines whether a bill will move past the committee stage.

 
Primary Source

THOMAS.gov (The Library of Congress)

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Notes

S. stands for Senate bill.

A bill must be passed by both the House and Senate in identical form and then be signed by the president to become law.

The bill’s title was written by its sponsor.

GovTrack’s Bill Summary

We don’t have a summary available yet.

Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.


7/25/1980--Introduced.
Amends the Securities Act of 1933 and the Securities Exchange Act of 1934 to revise provisions exempting specified securities from such Acts to:
(1) include within the exemption, interest in a trust fund or securities arising out of an insurance contract in connection with a governmental employee benefit plan; but
(2) exclude plans which are funded by an annuity contract.
Amends the Investment Company Act of 1940 to include within the exemption from such Act governmental employee benefit plans and single trust funds maintained by a bank.

House Republican Conference Summary

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.


No summary available.

House Democratic Caucus Summary

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